Crude Inventories (March 9)

Crude inventories increased by 2.5 million barrels, for the week ending March 4, from the previous week to 348.9 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged nearly 13.9 million barrels per day during this period, 145 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 8.3 million barrels per day, up by 290 thousand barrels per day from the previous week.